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FOX Business
Dec 27, 2012 5:00pm EST
fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 250,000 and up. then he went to 400,000. what kind of compromise do we need from both side to get a deal done so that i don't have to keep boring people with this term fiscal cliff? >> right. to really get the deal done right you need about 4 troll trillion to get us back on track. that means pro-growth tax reform, entitlement reform and better control of savings of the proposals at this point are not at that level. they're more $2.5 trillion range. we're very anxious to see what t
FOX Business
Dec 28, 2012 11:00am EST
. a good year for tech. the vix up above 20. fear of the fiscal cliff and traders saying, all right, we have this idea of a deal getting done baked into the markets, but maybe that's going to unravel a little bit. barnes and noble share, stock up more than 6 #% as i speak. the news is both good and bad. bad news first. they say the holiday period and sales trends will not meet expectations, and the reason for that is the nook business at the same time peerson investing a lot of money in the nook business so two pieces of news affecting the stock today, but it is a winner. look at that volume. pretty good. back to you. dagen: thank you, lauren. two hours to go until an 11th hour meeting between washington and the leaders. any kind of compromise? rich edson's live on capitol hill with up-to-the-minute developments. rich, what do you know? >> republicans anticipating or expecting president obama and democrats to offer a fiscal cliff deal, perhaps a scaled back proposal, but, still, no indication that's going to happen this afternoon. the senate is in session. the house returns sunday. they
FOX Business
Dec 28, 2012 5:00pm EST
thanks to the fiscal cliff of all things. that is coming up. of course president obama comments on the fiscal cliff at 5:45 eastern. keep it right here on fox business because, do you ever have too much money? so, , this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. adam: that's a live picture of the white house inside the press briefing room. president obama is going to make comments from the pest room 5:45 eastern regarding the fiscal cliff. as soon as he comes into the briefing room and takes to the podium fox business will bring us his statement live right here. >>> but firsts more sabre-rattling coming out of iran. the rogue state launching major military exercises. served in the u.s. navy for 11 years. i would imagine. you were in at some point ever in the persian gulf area? >> i was o
FOX Business
Dec 29, 2012 12:00am EST
railroad -- mirror thanks to the fiscal cliff of all things. that is coming up. of course president obama comments on the fiscal cliff at 5:45 eastern. keep it right here on fox business because, do you ever have too much money? ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] a full life measured in seats starts with the right ones early on. car crashes are the number one killer of children 1 through 13. learn how to prevent deaths and injuries by using the right car seat for your child's age and size. adam: that's a live picture of the white house inside the press briefing room. president obama is going to make comments from the pest room 5:45 eastern regarding the fiscal cliff. as soon as he comes into the briefing room and takes to the podium fox business will bring us his statement live right here. >>> but firsts more sabre-rattling coming out of iran. the rogue state launching major military exercises. served in the u.s. navy for 11 years. i would imagine. you were in at some point ever in the persian gulf area? >> i was off of somalia with the uss el paso. i was just inthe region of international commission on religious freedom in bahrain. we
FOX Business
Dec 30, 2012 4:00am EST
that we have been talking about right now, this is the only shot we havto avoid the fiscal cliff. the fact that they are giving another shot over the next 48 hours, it is probably as good of a result from the meeting s you could've expected. gerri: i love ending on an optimistic note. that is nitely good news. i would like to thank all my guests are you think you all for yo fine alysis and thank you for your help tonight. i really appreciate it. >> thank you. >> happy new year. gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. stilahead tonight, it's not just the fisca cliff mess that congress has leftundone. there is a whole lot of other work that our lawmers should have done this year but did not. i will tell you all about it. and we will be right back when some people struggle with their mortgage payments, they become frozen, petri
FOX Business
Jan 1, 2013 12:00am EST
right now with the fiscal cliff but he has a lot of leverage with the debt ceiling. i hope he doesn't choose to use it by leveraging the futh, faith and cret of the e united states to gain political points but if he chooses to use the debt ceiling as a way to do entitlement reform and long-term spending cuts, that's a way, probably in february he can get that done. that might bring people along. >> congressman, i want to point out to the people watching you were one of the members of coress during your tenure, you return one million dollars unspent office funds back to the treasury. i don't know many member of congress to do that i forget you being a florida state grad. mostst of my friends are gators. >> sorry to hear about that. adam: all seriousness, congress right now, as you depart has a reputation that is at the bottom. i could use all kinds of negative adjectives to describe it. i don't need to tell you. how does congress get the respect it needs to gove back after this craziness which is still not played out, and who gets the blame for this? >> well, understand, that congress
FOX Business
Dec 27, 2012 12:00am EST
. one i think it was mastercard spending pulse saying it actually not the fiscal cliff, it was superstorm sandy. >> right. adam: at the end. day are consumers pulling back? doesn't matter if it was the storm or fear they're pulling back, right. >> that was a real good point you made. mastercard said this these numbers were becoming a concern for the consumer back in october. the national retail federation had projected holiday sales would go up about 4.1%. adam: yep. >> that is some growth but it is nowhere near the 5.6% we saw lt year. there is a little bit of a slowdown. also we have to look at the consumer sentiment numbers. it is coming in at the month of december around 72 points. that is 10 points less than at its high in july. so we're definitely seeing that consumer slowdown happen even way before the fourth quarter. adam: you're with therf. you're with the national retail federation, are you not. >> no. i'm an independent analyst. adam: excuse me. a lot of people like the nrf but what are the repercussions whether for the nrf or anybody? nrf, they're sticking to it. they're not revising their predicti
FOX Business
Dec 28, 2012 1:00pm EST
the fiscal cliff that is right in front of us today. >> this is not something we are going to wait until the last day of december to get it done. adam. adam: proof words are cheap. it's the end of diecious, and absolutely nothing was done. why does it come down to the wire? republican senator of north dakota joining us now from capitol hill. sir, we appreciate you being with us, you were on fox business the other day, and are we going to have a deal or as some people are saying, do both sides want us over the cliff because it's easier to restore spending cuts? >> i'm in the camp to just keep pushing. that's where i'm coming from. as you said, the president and the leadership and the congress will have a meeting today at three o'clock, and so by four, they'll come out, and we'll have a better idea as to whether or not they'll come up with something, but regardless, for myself, and, i think, a lot of the senators and members of congress, we're just going to keep pushing because we got to come together and get people to agree on some kind of package. >> are you hearing anything from t
FOX Business
Dec 26, 2012 3:00pm EST
, "fc," fiscal cliff, and pulling from the u.s. dollar, the yen is pulling back, the new regem that's in there, they are doing what they need to do, and nobody's going to gold right now. silver is sneaking up slowly, above the $30 range. we'll see that take off. reason for that is we look at china. china's economy is turning the corner. that's also helping with what you folks talked about earlier in the crude oil. see how it plays out. even though it's a light volume week as far as trading -- ashley: still, though, a downward trend with the chart. what's the story with silver? >> well, you saw silver pull back with gold. normally, they run, and now what we're seeing is there's a little bit more demand. china's picking up the pace a little. we are seeing silver that's up, what, 24 cents as of today? not a bad move from a one day, especially in the light volume. ashley: if we get it done on the fiscal cliff, will we see a selloff in metals? >> i don't believe that we will. europe right now is the safe haven. there's no negative news. by any means, they are not done with all that's going on over there. everything is focused here on the u.s. and the fiscal cliff, and unt
FOX Business
Dec 29, 2012 11:00pm EST
. thank you. >> happy new year. gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the scre, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal clff mess that congress has left undone. there is a wholelo of other work that our lawmakers should haveone this year but did not. i will tell you all about it. and we will be rght back the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm uppingy game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. heres the presiden
FOX Business
Dec 31, 2012 1:00pm EST
well. all the parts are moving here on capitol hill. when it comes to the fiscal cliff negotiations everything is extremely fluid. the deal is a tentative frame work. they're still working out details. shibani: got it. still very much anything can happen. thanks a lot. >> all right. ashley: rich, thank you. a framework perhaps. let's go to peter barnes at the white house. peter, what are you hearing? >> i can confirm what rich is reporting much the president will come out here any minute but he is not expected to announce a final deal. he is going to say that the congressional negotiators and the white house are close to a deal here but that the clock is still sticking to try to get something done. some of the political optics he is going to be appearing in on a auditorium according to the white house with workings chrag americans. so the -- work class americans. the president is here to make remarks. this will not be a press conference to push some kind of a final framework across the finish line in these negotiations. shibani and ashley. ashley: peter barnes, thank you very much. shibani: that is good way of putting it. ashley: yes, very much. as we tick closer to 2013 and the threat of falling off the fiscal cliff, john tamney, forbes opinion editor says the republic
FOX Business
Dec 28, 2012 9:20am EST
lawmakers to do this weekend at least as relates to the fiscal cliff. stuart: i'll be interested to see what happens on the market comes monday morning, if there's nothing coming out this weekend. rich edison right on it, thanks very much indeed. >> thanks. stuart: and everybody, you're going to be angry at the next story. on christmas and hanukkahs, many youngsters and teenagers went on twitter to complain about their presents. i'm going to give awe couple of examples, john said i wish i had some filthy rich he will tifs. relatives, my presents sucked. forgive the language. she said all i got was gift cards, my sucks at giiing presents. crystal, the worst, i hate my white iphone. i just wanted to have a black one. oh. complaining about getting a iphone just because it's a color that's wrong? that's disgraceful. joining us now miriam walllock, mother of six, the kids, that is would never complain about a gift, would they? >> well, listen, my kids are not angels, they are kids, but i think there are a lot of fastets to the story, to be explored and my first reaction, what a hutspa. the audacity of a child to think they have the right to speak that way, to speak to a adult that way. to take something
FOX Business
Dec 28, 2012 3:00pm EST
, at the white hoose. we'll see what may or may not come from that. the fiscal cliff, which companies get hurt the most if we go right over that cliff? elizabeth ma cdonald is here with the bottom line. what are we looking at for bad news for what companies? >> walmart hand capped this and have their score card. a number of companies will, you know, dive over the fiscal cliff, and i'm tired of the "fiscal cliff" term, pardon me, it's a manmade term, the fc, whatever happens january 1st. here's why they get sales from government contracts. that's the deal. it's not just the lockheed martins of the world. you'll see in here, humana, other health care companies, of course, medical device companies hit with the tax, but they have striker, for example, and there's a lot of sales from government contracts. you'll see in here, look at that, motorola, holdings in and waste management companies like waste management and republic services, ashley. ashley: what are the stock prices on the companies, iz? >> good point. goldman sachs warned since 2011 when that debt ceiling crisis hit in the summer of 2011 that triggered the fiscal cl
FOX Business
Dec 27, 2012 3:00pm EST
. this morning to pick up with the fiscal cliff talks which are still underway i guess. this morning as our guests have on about talking about, senator harry reid was the latest to say, we're headed right off that cliff. rich edson on capitol hill with the latest, rich. >> good afternoon, ashley. so the senate isn't working today. there was pressure on house republicans to bring house members back. they're doing that now. this according to republican source on a conference call. house majority leader eric cantor telling republican members they should be back on sunday evening to be prepared to work. though much like the senate they have nothing to vote on right now. it is a positive sign if congressional leaders reach some type of a deal the house and senate will be in town to get votes on the record, but still there is no deal worked out right now between top democrats and top republicans in washington. house republicans are calling on the senate to pass their various proposals dealing with the fiscal cliff. the senate majority leader says it is up to the house to pass the senate plan. >> so i say to mr. speaker, take the escape we have left you. put the economic fate of the nation ahead
FOX Business
Dec 28, 2012 9:00pm EST
. gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all about it. and we will be right back so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. means the world to me. and one of the most important things any parent can do is make sure their kids get active at least 60 minutes each day. studies show that physical activity not only helps kids stay healthy, it can enhance important skills, like concentration and problem solving, wh
FOX Business
Dec 27, 2012 9:20am EST
actually passed anything to deal with the taxes, to deal with the spending side. fiscal cliff, they've passed bills and right now, no matter what the public blame may be, the fact of the matter is that the senate is next in line, and president obama is the president of the united states, expected to lead on this and to provide some ideas for it. stuart: i think you would agree with me that so far, it's the republicans who have taken the heat, and john boehner's plan b, a disastrous piece of publicity, got that. do you think that the tide is turning at all and that the jonbenet has been gettinof and . >> and not seeing any leadership for the president and not seeing any for the senate and not seen the budget. i think that the frustration is across th board and it should be felt by all. >> okay, you're sitting there in washington and you tell me now, do you think we get a deal on new year's eve? >> gosh, i certainly hope so. >> do you think we will? >> do you think we will? >> i don't think that this washington, anyone in washington is reckless enough for the country off the cliff. they recognize it's dangerous. s
FOX Business
Dec 24, 2012 6:00pm EST
can agree on is to get a sound bite about the fiscal cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program thawhat cost to employees? could your employer play fast could your employer play fast one on you too? when some people struggle with their mortgage payments, they become frozen, petrified. not knowing what to do, they do nothing, but the people who do something, the people who take action, are far more likely to get the most positive outcome. making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. announcer: it's timothy green's first day at school. what's in there? he's about to fall over. just anything he might need. there's a box of tissues on the bottom and some band-aids; there's a whole first-aid kit, actually. mom, i can
FOX Business
Dec 24, 2012 9:20am EST
futures trading is concern about the fiscal cliff. what happens after the 1st of january to the markets if we go over the fiscal cliff? >> well, you know, it's -- you're going to see a sell off because it's going to be a hit on earnings. you always have to look at the news stories and does that affect forecasted earnings or interest rates? and this does all of that so this will be a negative on the stock market. forecasts are anywhere from a 10 to 15% drop in the stock market based on earnings expectations and hit to earnings. this will be devastating to the economy, to the stock market and it needs to be, it doesn't look like it's going to happen, david. it looks like we're going to get a little bit of extension it it of the tax, the bush tax credits or the bush tax cuts and see unemployment benefits, you know, extended for about 2 million people. and as a result, we're going to see a lot of discussion and little results except higher taxes, that's for sure. >> and one thing that surprised me, we know that taxes will remain the same until the end of the year. we assume that taxes are g
FOX Business
Jan 1, 2013 6:00pm EST
, the state of play on the fiscal cliff talks. critical time, really in the next hour or so, whether or not we'll have this deal. diane? >> rich if they do amend it and send it to the senate. the senate is scheduled to return at noon tomorrow. thursday at noon there is new congress this whole thing expires. how realistic they get something done and they do amend it and send it to the senate? >> exactly the senate would have to take it up tomorrow. one you play with the proposal, once remove smallest piece of this, democrats say republicans are going back on their deal. senate minority leader mitch mcconnell and vice president biden negotiated details. senators feel if they change it, they are going back on the deal. republicans in the house said they never signed off on the deal, it was between the senate minority leader mitch mcconnell and the vice president and should be able to work its will and change the proposal. diane, as you pointed out they have to get something done through both houses of congress by january 3rd at noon. if not, all these bills and proposals expire and they
FOX Business
Dec 23, 2012 10:00pm EST
john boehner for playing the cards on the fiscal cliff. he really doesn't have a winning strategy. because one doesn't exist. but i think the conservatives trying to buy a little upset. right now, there is no big name out there willing to challenge it. gerri: it is an interesting question. it seems like anyone who has that job is really hurting because everyone is all over the place. it is so hard to get them together. thank you both for coming on tonight, we really appreciate it. happy holidays and merry christmas, thank you so much reed thank you, gerri. gerri: next, many homeowners rushing to rush and to dump their property ahead of the fiscal cliff. dolly will join us after the break and dreaming of a white christmas and then there is this. coming up, how mother nature is putting a damper on things the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash ba
FOX Business
Dec 31, 2012 11:00am EST
obama and each other over the fiscal cliff. joining us from inside the beltway, peter barnes, rich edson standing by on capitol hill. all right. what are we waiting and? >> reporter: significant progress is what aides are telling us. they're working with the current framework right now. what it would do is protect income amounts of less than 400,000 for individuals, four under and 54 families, from a tax increase it includes extending current levels of the estate tax, preventing tens of millions of americans from having to pay the alternative minimum tax this year, ensuring that doctors who treat medicare patients don't get an automatic pay cut. long-term unemployment insurance. while lawmakers are discussing right now with the white house is how to deal with the sequester, those automatic spending cuts of 94 billion that are supposed to start next year. negotiations continue with senate minority leader mitch mcconnell leading the way for republicans, and a vice president discussing for democrats. we are starting to get some lawmakers talking about some of the numbers of we have been discussing, and there is some push back now from
FOX Business
Dec 24, 2012 10:00am EST
headed towards the fiscal cliff and if congress doesn't act soon the the u.s. economy could take a nosedive right off it. all this have comes as capitol hill, could a value-added tax be in the pipeline? are we slowly turning to europe. david, good to see you. and we already see us moving in terms of spending to the european model. will we move in terms of tax policy to the european model, specifically to a value-added tax like they have in most of europe? >> personally i think we should. >> on top of what we have, on top of an income tax. >> we need to cut back and what i would cut back is replacement for the medicare tax, but also, corporate tax rates should be part of the deal, too. >> what frightened milton friedman the value added tax. there's no way it would replace it, it would always be tacked on top of other tacks and look at the history and that tends to be the way we go. >> although when the europeans brought it in they did cut the other taxes. >> that didn't last long and we've seen them come up recently. >> and it's going to continue because they've got budget problems. david: now the pro
FOX Business
Dec 31, 2012 3:00pm EST
everything you could do. take a look get your own fiscal cliff. liz: let's say you feel like risk should be on. positive about 2013. talk about stocks because you're going to have sex that people should be looking at right now. let's put up the first three. they all seem pretty similar. when you're looking at some of these names. target, walmart, costco. >> because for different reasons. each one of them has some strengths that the other one doesn't have. walmart in order to expand has been taking some black eyes here recently, but we think that they are backing plate. people are very concerned about getting good value for money. these behemoth's offer you a tremendous opportunity. full value for your dollar. >> everybody wants to know what you're saying. liz: who will make them wait. hold on through this commercial break. coming right back in a minute with four more names he absolutely loves for 2013. liz: 8:34 before we hit that fiscal cliff, but we're checking stocks right now for two seconds, founder and ceo of beverly hills wealth management. you should have costco, target, walmart in there. now let's go to another name that you say is a great u.s. play, on china stabilizing and growing. >> yes, and th
FOX Business
Dec 26, 2012 11:00am EST
right now. just short of two dollars. you think, oh, do they know something about the fiscal cliff? not that at all. it is actually action in the middle east. reports of military exercises have commenced. military exercises in there and later in the week more military exercises. brent is off as well. heating oils are up. everything is up. even on a slow day here at the cme in chicago. dagen: good to see you, jeff. jeff flock reporting. thank you. the pentagon planning to deal with half a trillion dollars in budget cuts thanks to the looming cliff. gun sales rising over concerns of tighter gun control laws. we can find some winners in the stock market. here are some of those on the s&p. ♪ she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go fre
FOX Business
Dec 24, 2012 1:00pm EST
to advise your clients may certainly if you believe we are going up the fiscal cliff, would you tell your investment clients to do? >> currently advising them to accelerate their income right now and two for deductions based on strategies that we are having in discussions with my client and their accountant. i'm also telling them to be very defensive. our baseline scenario is we head into the new year is for slow but steady growth. coupled with low inflation and reasonable and attractive valuation of equity. lori: let me get you to respond to that outlook. they'rtheir more positive becauf the cliff. >> i think everybody seems to be mesmerized by the discussion of the fiscal cliff in th and the , check stock prices were based on earnings outlooks in the economy. lori: everybody is ignoring the fundamentals right now. when we can we get back to the fundamentals and ignore politics, if ever a time in the picture? >> maybe the super bowl ads versus the fiscal cliff read lori: you make a great point, carry on. >> some point we will solve the fiscal cliff, kick the can down the road, have a grand bargain, no bargain, but it will be old news, not the current news. david: will be talk
FOX Business
Dec 24, 2012 9:00pm EST
cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program that what cost to employees? could your employer playast one on you too? - hi, i'm halle berry, and as a new mom, i can tell you that childhood is a magical time. but for children with diabetes, life is not quite so carefree. the barbara davis center for childhood diabetes is fighting hard to find a cure. know the signs: irritability, excessive urination, weight loss. if you have any of these signs, please call your doctor. early detection can save your life. give to save lives and reach for the cure. call now or log on to childrensdiabetesfoundation.org. ♪ gerri: there is th sto gerri: there is a story there is not getting a lot of attention today that you need to hear about, particularly if you care about your retirement. ibm overhauling its retirement program. instead of contributing to its e
FOX Business
Dec 31, 2012 9:20am EST
failure to have a bipartisan agreement is really what triggered this fiscal cliff in the the first place. stuart: is it a failure of president obama to lead? i mean, else's the president of the united states of america. we are facing a fiscal crisis right now, an economic crisis, for heaven's sake. shouldn't we expect the president to go a long way towards dealing with this and leading us out of it? and i don't see it, frankly. >> i don't either. and i think his view, honest he isly, he just won an election and so he calls the shots and republicans should just follow along, even though republicans kept their majority in the house and there's a great deal of the country that does not support the way that obama would like to deal with this problem. stuart: look how it's been presented in the establishment media. president obama cutting short his holiday vacation, returning to washington trying to fix the fiscal mess. thank you very much, mr. president. mr. boehner, speaker boehner, oh, he finally gets the house back in session on sunday night. and then we have some democrats saying, why don't these republicans quit defending their millionaire pals. the way it's presented in the establishment media is highly pejorative against republicans and
FOX Business
Dec 27, 2012 6:00pm EST
. gerri: when we come back, how does he jump the fiscal cliff talks? and some new years resolutions on congress. we will be right back. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty mh access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. gerri: it is official coming house will be back to deal with the fiscal cliff monday afternoon. harry reid asked the politicians to blame john boehner for everything. joining me now, chairman and cofounder. great to have you back. i mean, come on, harry reid was crazy today. >> american people i don't think understand the house of representatives is operating without the house of representatives. it iit's being operated with a dictatorship of the speaker. gerri: how do you respond to that? john boehner quinones says to make everythi
FOX Business
Dec 26, 2012 1:00pm EST
the uncertainty about the fiscal cliff. it is crazy to think that nobody knows what their tax bill for 2013 will look like right now. at some point you have to say, this is what it is. i only have so many years until i retire. risk is part of the game. this is what i am willing to invest. what is your best bet? >> there is no dow that energy stocks, to me, we are seeing the spikes in oil prices today. lori: you are basically saying try to raise some cash during this last week. that could be your fine opportunity. >> right. you have to think back at what these companies are saved. they are not overly optimistic. they were not doing back flips about the future. sometimes waiting is the best investment strategy that there is. you have to begin to see whether they will begin to grow. most companies have to face the facts. most companies are making money because of cost-cutting. i think we have to really look at ways to just be ready. the best place to be -- lori: lean and mean. cash is, well, i guess that is why you had a debate. i guess i can hold on for two weeks. >> i agree. they are lean and mean. every quarter, th
FOX Business
Dec 26, 2012 11:00pm EST
tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told oba if you want a trillion dollar in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could youay no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning nowbout how obama said i have no interesting in cutting spending, he's been lying for two mons about his negotiationing position in the room. if people knew that, there would be serious unhappiness in his lack of seriou
FOX Business
Dec 28, 2012 6:00pm EST
. >> thank you. >> happy new year. gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all about it. and we will be right back gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties
FOX Business
Dec 23, 2012 11:00pm EST
turn to the fiscal cliff with our panel but first, very quickly, touch on the nra which proposed armed guards, armed policemen, at public schools to provide safety. i thought it was a straightforward, common sense idea. don't you agree with it? >> i do not, lou. i do not. did not help people at columbine. people serving as guards at school not qualified to carry weapons. the expense of it. we have 100,000 schools, say, add up $50,000 per guard. we'll get a billion dollar price tag. when we're cutting back on everything, i don't think this will protect our children. >> i think nra should have said, we should allow one person at the school to have a concealed carry permit, if they choose and if they choose to carry a gun, allow them to do that. right now the gun-free zones a ludicrous. lou, every mass murder in the united states since 1950, with one exception has taken place in a gun-free zone. that didn't work. lou: steven, your thoughts. we'll turn to one of your favorite topics. >> you know what is interesting is john fund had a very good piece putting in contest the recent history of
FOX Business
Dec 27, 2012 4:00pm EST
happens with the fiscal cliff. and we will also be told what stocks he thinks are undervalued right now. let's start with larry. we're glad we picked up from the 150 point loss. i'm glad about that. looks like there won't be a santa claus rally this year. >> no, it doesn't look like it. we saw some pretty big down drafts today and earlier in the week. that's not what traders expect when we get into the last couple weeks of december. we usually have low volume rallies. we have done opposite. high volume drops in the market. today was a good example. recovered quite a bit but those points in the the chart have been made. the traders look at that and see the markets keep making lower lows and that makes them want to sell into the market and not buy it. shibani: david, i want to get your thoughts, you know, despite what's going on in and around the beltway, the gridlock that exists, you're still a believer in these markets. you believe in the markets forging ahead. tell me why you're so optimistic considering the swings we saw in just today's trading day alone. >> i think most of the events
FOX Business
Dec 27, 2012 11:00pm EST
social security. >> we should take social security off the table for the current phy fiscal cliff. >> do not cut social security. tom: many democrats pushing to keep social security off of the table in debt talks, we learn that the program is $48 billion in the hole for 2012, and small business authority barry sloan said that the entitlement programs are what got this country in this mess in the first place. i don't think that people pay attention to that. in the greenspan e they bumped up payroll taxes for excess money going in. about this is first time there are fewer people putting in than taking out. so government has to write a check. >> it is unfortunate, the lockbox was raided. there is nothing wrong with entitlement programs, but it is the growth of those programs that are problematic. with respect to social security, we're all living longer, people need to work a little bit longer, and social security will be there for many generations if we're prudent about it 9. tom: this is the third rail, even president bush could not get social security reform done, don't touch it, i
FOX Business
Dec 26, 2012 10:00pm EST
investment income. it is about half the size of the fiscal cliff, if you will, tax hikes that could well be added to them if the year finishes the way we stand right now. >> absolutely, lou. i found it interesting if you read the affordable correct many of the onerous mandate created by obamacare were exempted for the unions so i found it interesting that the administration is looking out for the union and not looking out for the state and individual citizens to bearey the load of this. lou: your ground operation would have been a little stronger. you could have prevented people of laws.sorts you don't find that as fair and equitable, right? >> we challenged on constitutional grounds, w but dd not quite get it all. lou: more lawsuits to come and we will see how those, as well. the great state of south carolina. great fobeing with us. hsbc agrees to being a mexican drug cartel bank. terrorists.ertern tonight she meets the former employee wriried to stop hsbc illegal conduct, former hsbc vice president with us tonight for an exclusive interview. progressive claims. this is flo. i need you. i feel so alone. but you're not alone. i knew you'd come. like i
FOX Business
Dec 27, 2012 1:00pm EST
. tracy: i hope you are right. thank you very much. as if the fiscal cliff wasn't bad enough, tim geithner now taking on emergency action on our nation's that. we are about to run up on another debt ceiling. liz macdonald amistad index. lori: we have apple ceo tim cook taking the giant pay cuts in his first full year on the job. 2 -- hundred of millions of dollars. details coming up. as we do every day at this time, take a look at oil. oil down a little bit, $90.63 a barrel. we will be right back. let tracy: tim geithner taking people by surprise a new u.s. will hit the desk limits on monday. we don't have enough going on. this is months earlier than expected. liz macdonald is here with the bottom line. now what? liz: we have the treasury secretary's letter that was sent to harry reid and other members of congress where he is invoking extraordinary measures to avoid having the u.s. default on its debts. it needs to pay interest costs on the debt that is rolling over so suspending sale of u.s. securities to local governments when the locals basically cash out or get the new t-bonds, to come
FOX Business
Dec 30, 2012 6:00pm EST
of the year you have fiscal cliff, debt limit, and appropriations laps all staring the american people in the face. i get it that people are sick of this combat at the same time it is because we have such an nasa's spending problem is the reason why these things are occurring the way they are. tom: you heard the president come out and talk to the white house press corps. he talked about maintain a middle-class tax cuts. he did not define what tht is. maybe it to 50 might be 40500. extend unemployment benefits and the spending cuts will get to those letters. >> here is what is so ironic, the same democrats in 2001 and three railed against the bush tax cuts. now see some salvation in them because they are what is propping up the economy right now beyond the ironic part of this, look, not only do you have that tax policy expiring and the sequestratn pending on january 2nd, but we have also got a lot of taxes kicking in january 1st which will pack a mighty big wallop. this is the perfect trifecta of bad things happening to the economy all at once. no one is talking about postponing
FOX Business
Dec 29, 2012 5:00am EST
fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all about it. and we will be right back copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're stil
FOX Business
Dec 30, 2012 8:00pm EST
ongoing right now and that is really the last hope we have to get something done before the fiscal cliff. >> does the minority leader and the senate, do they concur with the house of representatives. because it's eventually going to have to go through the house? >> absolutely. they would remaining in contact. just to make sure that the house would be agreeable to whatever the senate minority leader put out. democrats would have to be apprised of that as well but any agreement is probably going to need democrats in the house of representatives. the house is also working on a number of procedural maneuvers tonight to pave the way for quick votes over the next few days. they are not actively involved in the negotiations but if these two are to get a deal, vice president and senate minority leader the house could do a quick vote. >> two other things, first, if they don't do a deal, what can the average american, expect as far as tax increases? >> the average american could and not up and down the income sale. bush tax cuts created lower tax brackets for lower income americans, so up and down
FOX Business
Dec 29, 2012 2:00am EST
new year. gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stun or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all about it. and we will be right back i th, and i wished it would just go away. [rock music playing] it was my adhd. and like many kids with adhd, i didn't outgrow it. one of the issues i had was not being able to focus. i would read and i would reread the same sentence. you'd read it over and over and over again. and then, five minutes later, i wouldn't know what i just read. it wasn't sticking with me. it wasn't sinking in. and that, to me, was really frustrating. as i got older, i was still having that issue. and that's when i knew i needed to talk to the doctor. announcer: if you were diagnosed with adhd as a kid, u might still have it. find out more. take a quiz at ownyouradhd.com to help recognize the symptoms, lik
FOX Business
Dec 31, 2012 6:00pm EST
out its numbers. if the fiscal cliff hits they say u.s. gdp would shrink by half a percentage point and that unemployment will rise to over 9%. do you think they have the rights or are they just too conservative? will it be worse? >> if we actually went over the cliff we would be subtracted from domestic demand over $600 billion. that is about four percentage points in gdp. most economists were forecasting in the first half of next year hardly 2 percent growth. if you subtract 4% to spending from that year and a recession that is much deeper. the cbo tense and not be alarmist because they say what they are partisan, but congress read it paycheck, and they don't want to say congress is being irresponsible and thrusting the economy into the next great depression. gerri: then know whether paycheck comes from. did you know that congress, the vice-president, the president are of getting pay increases that the president approved . >> no credibility. i am on the government and the need help. gerri: you make a good point. if there is some kind of real resolution, can we see some kind of recovery in the economy? what the markets grade whatever deal comes out? i can't ima
FOX Business
Dec 27, 2012 11:00am EST
talking about a less than $250,000 limit. speaking right. exactly. liz: more on the fiscal cliff. let's bring in peter. with us is former clinton advisor doug shoen. we have basically mr. boehner saying, look, you senate, you have not come up with anything. >> i think, unfortunately, we will probably get around it. i think it is a worse outcome to avoid the cliff then to go over it. i think we should broaden the discussion and look at what is going on around the world. look at japan and europe. the japanese government is the glaring war on japanese citizens. it will create inflation. if the japanese citizens start to dump their bonds, they have been a bigger part then japan recently. that is a big problem for us. their euro has been quietly depreciating. if that goes out, that is a much bigger fiscal cliff. if the buyers of treasuries become sellers. liz: there are a lot of "if" in your discussion. the bond markets are still pretty -- nothing from the bottom vigilantes yet. you were a clinton advisor. you saw in the mid- 90s bond yields really spike higher. that is the issue. if
FOX Business
Dec 31, 2012 4:00pm EST
us next liz: let's face it. we're down to the wire. just hours from falling off the fiscal cliff if no deal is reached. right now a deal does not seem likely. even if they came out said, hey, news flash, it is here. not enough time to vote on it. will u.s. economy fall back into recession? either way what is the smart money doing? where are they investing? joining me now, billionaire investor wilbur ross. ceo and investor. >> you're welcome. >> will there be a deal of any kind and what does it really mean for the markets? >> what i'm worried about they make a deal but won't be a sensible deal. that it will kind of put some sort of a permanent cap as to the level at which the bush tax cuts are repealed, extend for some short period unemployment, extend a few other things and not really with the big issue. punt it over and mix it up with the debt ceiling talks which will be coming up sometime between now and around the end of february. liz: well, yeah. timothy geithner, treasury secretary, warning that we will hit the debt limit today. obviously that is a big issue. is that a bigger problem than the fiscal cliff e
FOX Business
Dec 26, 2012 4:00pm EST
and losers for the new year. shibani: starbucks getting pretty creative on the fiscal cliff debate. a message to lawmakers one cup at a time. you don't want to miss that story in today's speed read. shibani: time now for a quick speed read of some of the day's other headlines, five stories, one minute. here i go. first up, starbucks is making a political push on the fiscal cliff debate. ceo howard schultz is urging workers in the d.c. area write, come home together, on customers cups tomorrow and friday. >>> growth in u.s. holiday retail sales is the weakest it's been in four years. a new report said sales in the two months leading up to christmas increase ad paltry 0.7% versus the expect growth rate of 3 to 4%. >>> and samsung is seeking a ban on import and sale of ericson products in u.s. following the swedish mobile giant attempt to block the import of samsung devices earlier this month. samsung is accusing ericson of breaching seven different patents. >>> a report from the u.s. energy department says opec will rake in a record $1.05 trillion this year. in net oil export revenue
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